Maghreb Edition

Morocco’s 2015 Budget Based on 4.4% GDP Growth, Earmarks $6 Billion for Debt ServicingF



Posted On 4 December 2014

Number of times this article was read : 453

Morocco has a 2015 budget that takes into account a 4.4% GDP growth, up from a projected 4.2% this year. For many, the forecast growth is a bit too optimistic and may be misleading. Morocco planning council HCP for its part projects a more sluggish 2.5% GDP growth, but that takes into account a barrel of oil priced at an average of $103. So far, the HCP may have to revisit its figure a bit upward considering oil prices at $20 below that level. Continue here.

Podcast: Development Without Aid: Power, Politics, and Local Resilience in the Global South$

A conversation with Dr. Kate Schecter, President and CEO of World Neighbors, on how community-led development works in practice across the Global South.

Subscribe to Urgent Notifications and Newsletter

Most Recent Stories from the Region

Morocco Steps Up Tangier Crackdown on Undocumented Migrants$

Moroccan authorities are tightening their grip on irregular migration in and around the northern city of Tangier, stepping up raids and mass arrests of sub‑Saharan migrants who use the region as a launchpad toward Europe.

Egypt Cuts Nighttime Economy to Reduce Electricity Consumption$

Egypt has imposed a nationwide 9 p.m. curfew on shops, restaurants, and entertainment venues to reduce electricity consumption amid rising energy costs and supply disruptions linked to the war in Iran.

Global Energy Markets Jolt as Iran War Disrupts Gulf Oil Flows$

Oil prices surged toward $119 per barrel as the conflict involving Iran disrupted tanker traffic through the Persian Gulf, forcing several Gulf producers to reduce output and pushing governments to consider emergency energy measures. Saudi Arabia joined Iraq, Kuwait, Qatar, and the UAE in cutting production as shipments stalled and storage capacity tightened. With hundreds of tankers idling near the Strait of Hormuz and major shipping insurers suspending coverage, the crisis is rapidly evolving from a regional military conflict into a global energy shock.

Written by The NAJ

The North Africa Journal is a leading English-language publication focused on North Africa. The Journal covers primarily the Maghreb region and expands its general coverage to the Sahel, Egypt, and beyond, when events in those regions affect the broader North Africa geography. The Journal does not have any affiliation with any institution and has been independent since its founding in 1996. Our position is to always bring our best analysis of events affecting the region, and remain as neutral as humanly possible. Our coverage is not limited to one single topic, but ranges from economic and political affairs, to security, defense, social and environmental issues. We rely on our full staff analysts and editors to bring you best-in-class analysis. We also work with sister company MEA Risk LLC, to leverage the presence on the ground of a solid network of contributors and experts. Information on MEA Risk can be found at www.MEA-Risk.com.